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Business of Baseball: The Gold Standard, Inflation, Free Agency, and Salary Caps

“The one constant through all the years, Ray, has been baseball. America has rolled by like an army of steamrollers. It has been erased like a blackboard, rebuilt and erased again. But baseball has marked the time. This field, this game: it’s a part of our past, Ray. It reminds of us of all that once was good and it could be again.”

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You may have heard about Fort Knox in the news lately.

The facility houses a supply of gold that has a value in excess of $400 billion dollars.